Author`s name Pravda.Ru

Deutsche Bank is ready to provide new credit lines for Russian partners

Russian Economy Days-2000 opened in Frankfurt on Mein Monday. Tessen von Heidebrek, a member of the board of Deutsche Bank told the audience of businessmen that Germany's export to Russia had increased by 32% in the past eight months over the same period last year. Its import from Russia had doubled. The banker said that it was an encouraging development, whose foundation had been laid by new political and economic initiatives by Russian and German leaders. He also announced that Deutsche Bank was ready to provide new credit lines for its main banking partners in Russia to finance short-term trade deals.